/biz/ - Business & Finance

i dont feel much because i always knew boomers were unintelligent, especially when it comes to technology.

>>23886463
>Fav Burak
nice id m8

>>23886420
Whaaat the fuck.
Bullish

how does grayscale do it?

What brokers trade this?
1 year lock-up is complete

One of those shares represents 0.09 LTC. Holy shit.

>>23886699
Bullshit

Boomers are so dumb

LTC is unironically a good hold for a quick profit because boomers always FOMO into it during big bullruns.

>>23886699
Holyshit we are going to be fucking rich

>>23886420
Litecoin :Dddd

>>23886714
Apologize, nigger.

>>23886882
WHAT THE FUCK

>>23886882
I checked it right after. Ur right
But what the fuck man. Theres no way people are paying a x10 premium on this.
No fucking way. No one can be that dumb.

>>23886420

Of course boomers pay a premium for the Bitcoin of China and Biden.

>>23886420
Holy shit. lol

>>23887033
I don't understand this at all.
What does the remaining $78 dollars cover? Why would boomers buy this instead of actual LTC? Surely there has to be some other benefit?

>>23886699
Yeah you can't do math or are a literal ratard, that's the cost of about. 45 actual LTCs

>>23887073
The only benefit is it can be bought in Traditional and Roth IRAs.

WHAT THE FUCK IS THE OTHER 90% THEY ARE PAYING FOR? JUST FREE LOANS FOR JEWS? AAAAAAAAA Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.

>>23887110
It says you own .9 ltc per share.
Explain?

>>23887168
.09 ***

>>23887168
Read it again.
It's 0.09

the only guy I know who buys this does it because he doesn’t want to deal with the crypto market, he’s comfortable with his broker. I guess that’s the target audience and how they get away with charging huge premiums

>>23887110
Read it again.

>>23887239
So the kikes always win if if crypto moons because dumb boomers are basically paypigs?

>>23887274
pretty much, you get some suit or a nice
logo telling boomers they can get a whopping 20% annual or some shit if they’re adventurous and want to dip into the edgy high tech high risk cryptofund known only as gayscale, it makes them happy

>>23887073
boomers are very afraid of crypto
i know lots of rich old jews with generational wealth that still think crypto is "going to fail"
so just imagine one trying to download a wallet and send a transaction...

>>23886420
kinda bummed bc its only @ 58.xx
dinocoins like ltc & doge are unironically good hedges, they are shit - but are like catnip for crypto noobs & pump with btc reliably.
the erc20/defi craze has made us shitloads of money but was rife with rugpulls & hacks.
I bought a stack of ltc at $45 to dump on the normans at $275.
I also have an obscene amount of doge from 2015 ($.0001-3) that i systematically dump in batches between .003 & up.
loved me them tick tock whores
thanks cunts!!

>>23886978
It's more than a 20x premium, even if you bought from Jewbase.
The next year or two is going to be fucking INSANE.

Boomers just don't understand marketcap. they see a coin in the top 10 or whatever and buy it bc it's cheap. They think it's a potential 20,000 like BTC. they fomo at the first sign of pump and even during crabs.

>>23888483
This is also incredibly bullish for XRP. Grayscale's XRP product has 93 xerpies. Just imagine when it hits $2K eoy...

>>23886882
>>23886978
the absolute fucking state

>>23888036
I like how “coin” was in the name of every shitcoin.

>>23889054
So they arent getting ripped off?

>>23889636
*the absolute fucking state of boomers

>>23886494
>>23886463
pic related is my fav burak <3

>>23889770
I have 100 ltc faggot
If boomers are paying x20 premium for ltc im saying its bullish as fuck

>>23889958
yeah it's bullish for ltc i'm just saying they're retarded to be paying such a premium

Brainlet checking in. Can someone give me a quick rundown? Each share is ~1/10th of a litecoin and they’re paying $83 per share? Who could be this stupid.

I always hedge Litecoin going into a normie surge because it’s the first thing normies buy when they FOMO in on Coinbase. They want to get in on the “ground floor” of the next Bitcoin and just see the low price without understanding market cap.

>>23888953
the ripple jews have a sell wall with an unlimited supply at 0.30.
just turn 360 & walk away anon

>>23890181
One share isn't quite 10% of a litecoin and costs $133, around 2.25 LTC today. The markup is almost 20x.
You can't be too much of a brainlet if you have LTC though. There's good money to be made from normie fomo. Really, nothing on PayPal is a bad option.

Why is it this broken??? I see the insane premium has been there since LTCN's inception, but has been getting worse instead of being arbitraged. Surely if its actually this broken, traders will arbitrage the difference away right?

>>23890944
Ancient Chinese secret.

>>23890181
The volume is non existent, since its inception its volume basically only peaked a few times at 20-30k shares, which is like 1800 - 2700 litecoin, and that is on the peaks. For example yesterday its volume was 1700 shares, or like 150 litecoin worth was traded, for comparison their btc fund (which carries a premium of about 2k) did about 10k btc worth

>>23890944
And how would you arbitrage it? You aren't buying ltc in ltcn you are buying into a fund that holds ltc.

>>23886978
If it goes up it goes up.

>>23891174
ok I did some reading and I think I understand now

accredited investors who received their shares through private placement have a lock up period of 1 year, so there's no sellers in the market and volume on OTC is basically dead...

>>23886882
HAHAHAHA HAHAHAHAHAHA HHAHAHAHAHAHAHA HAHAHAHAHAHAHA HAHAHAHAHAHA HAHAHAHAHAHAHAHAHAH AHAHAHAHAHAH AHAHAHAHAHAHAHA HAHAHAHAHAHA AHAHAHAHAHAHA

Even if you're just a retarded boomer, why wouldn't you buy it on robinhood